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India
As of 18 Sept 2026, 03:30 pm
HDFC AMC's Navneet Munot has stated that AI will augment, not replace, fund managers. He believes that firms that utilize AI effectively will gain an advantage, but also cautioned against replacing human analysts entirely, suggesting it could cause problems for firms in the long term.
Recent filings from September 2026 show that HDFC Mutual Fund schemes, including Fixed Maturity Plans (FMPs) and the HDFC NIFTY 1D Rate Liquid ETF, hold significant positions in Government of India STRIPS and State Development Loans (SDLs). For example, HDFC FMP 2638D February 2023 reported an annualised Yield to Maturity (YTM) of 5.86% with a Macaulay Duration of 173.47 days. Other schemes show YTMs ranging from 5.06% to 6.97% and residual maturities varying from 1 day to over 1,200 days, indicating a strategy focused on interest rate risk with low credit risk.
As of September 18, 2026, HDFC Asset Management Company's stock is trading at ₹2425.0. Daily technical indicators suggest a bearish trend, with the 20-day Exponential Moving Average (EMA) at 2473.35 and the 50-day Simple Moving Average (SMA) at 2549.06, both above the current price. The SuperTrend indicator is also showing a bearish signal. Weekly indicators, however, show a bullish SuperTrend direction, though the 20-day EMA is at 2563.7 and the 50-day EMA is at 2573.08. The stock has experienced an 18% current drawdown from its recent highs.
HDFC Asset Management Company Limited held a scheduled in-person investor meeting with Ashwamedh - Elara India on September 1, 2026, in Mumbai. This meeting was conducted as a dialogue under SEBI regulations.
As of 18 Sept 2026, 03:30 pm
Showing 3 of 5 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹1,099.72 crore | ₹1,051.51 crore | ₹1,075.10 crore | ₹1,027.40 crore | ₹968.15 crore |
| Other Income | PEAK₹262.84 crore | ₹11.55 crore | ₹159.29 crore | ₹96.19 crore | ₹233.01 crore |
| Finance Costs | PEAK₹3.72 crore | ₹3.70 crore | ₹3.36 crore | ₹3.19 crore | ₹3.07 crore |
| Other Expenses | PEAK₹102.67 crore | ₹78.28 crore | ₹72.98 crore | ₹100.92 crore | ₹84.36 crore |
| Expenses | PEAK₹273.54 crore | ₹229.48 crore | ₹220.46 crore | ₹247.63 crore | ₹215.48 crore |
| Profit Before Tax | PEAK₹1,089.02 crore | ₹833.58 crore | ₹1,013.93 crore | ₹875.96 crore | ₹985.68 crore |
HDFC Asset Management Company reported a net profit of ₹837.13 crore for the quarter ended 30 June 2026, an 11.98% increase over the same period last year. Core operating revenue grew steadily, while other income surged from a low base in the previous quarter, providing a significant boost to profitability. Total expenses rose faster than operating revenue during the quarter.
Revenue from operations stood at ₹1,099.72 crore in the June 2026 quarter, up 13.59% from ₹968.15 crore a year earlier. Sequentially, revenue increased 4.58% from ₹1,051.51 crore in the immediately preceding quarter (March 2026). This trajectory reflects sustained expansion in the company’s primary asset-management activities.
Profit before tax (PBT) was ₹1,089.02 crore, a 30.64% sequential rise from ₹833.58 crore and a 10.48% increase from ₹985.68 crore a year earlier. Net profit (profit/loss for the period) came in at ₹837.13 crore, up 34.44% sequentially and 11.98% year-on-year. The combined effect of operating revenue gains and elevated other income supported profit growth, absorbing the impact of higher expenses.
In the June 2026 quarter, HDFC AMC posted double-digit net profit growth supported by an increase in core operating revenue and a significant recovery in other income from the low base of the previous quarter. Total expenses grew faster than revenue, highlighting that cost increases were a factor in the period. While core operations continue to expand, the volatility observed in other income remains a key element influencing quarterly profit fluctuations.
Exchange disclosures and regulatory announcements for HDFC Asset Management Company.
The filing discloses the portfolio holdings and performance metrics for five HDFC mutual fund schemes: HDFC FMP 2638D February 2023, HDFC FMP 1861D March 2022, HDFC Charity Fund for Cancer Cure, HDFC FMP 1876D March 2022, and HDFC NIFTY 1D Rate Liquid ETF. The fixed-income schemes hold significant positions in Government of India STRIPS and State Development Loans (SDLs) from states including Andhra Pradesh, Karnataka, Gujarat, Tamil Nadu, and Uttar Pradesh, with maturities ranging from late 2026 to 2030. Portfolio characteristics vary by scheme, showing Annualised Yields to Maturity between 4.86% and 6.97%, Macaulay Durations from 1 day to 1,221 days, and Residual Maturities up to 1,235 days.
HDFC FMP 2638D February 2023 has an annualised portfolio YTM of 5.86% with Macaulay Duration of 173.47 days and residual maturity of 176.03 days. HDFC FMP 1861D March 2022 has an annualised portfolio YTM of 5.37% with Macaulay Duration of 39.79 days and residual maturity of 40.71 days. HDFC Charity Fund for Cancer Cure has an annualised portfolio YTM of 5.43% with Macaulay Duration of 4.9 days and residual maturity of 5.87 days. HDFC FMP 2638D February 2023 has an annualised portfolio YTM of 5.9% with Macaulay Duration of 201.78 days and residual maturity of 206.33 days. HDFC FMP 1269D March 2023 has an annualised portfolio YTM of 6.79% with Macaulay Duration of 1236.21 days and residual maturity of 1250.16 days. HDFC NIFTY 1D RATE LIQUID ETF has a debt index replication factor of 99.49%.
HDFC Mutual Fund discloses portfolio holdings for multiple close-ended Fixed Maturity Plans (FMPs) and the HDFC NIFTY 1D Rate Liquid ETF, detailing allocations primarily in Government of India STRIPS and State Development Loans (SDLs). The filing specifies key metrics including an Annualised Portfolio Yield to Maturity (YTM) ranging from 5.06% for HDFC FMP 1876D March 2022 to 6.6% for HDFC FMP 1269D March 2023, with residual maturities varying significantly from 1.99 days to 1266.01 days depending on the scheme tenure. Specific schemes such as HDFC FMP 2638D February 2023 and HDFC Charity Fund for Cancer Cure are listed with their respective security compositions, durations, and YTM figures, reflecting a strategy focused on relatively high interest rate risk and low credit risk.
HDFC Asset Management Company Limited disclosed a scheduled investor meeting with Ashwamedh - Elara India on September 1, 2026, in Mumbai as an in-person conference. The event is categorized as a dialogue under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing notes that the schedule may change due to exigencies and was signed by Company Secretary Sonali Nitin Chandak on August 18, 2026.
On 18 August 2026, HDFC Asset Management Company Limited intimated a scheduled institutional investor meet: 'Ashwamedh - Elara India Dialogue 2026', to be held on 1 September 2026 at 15:00 in Mumbai, as an in-person one-on-one/group meeting.
On August 11, 2026, HDFC Asset Management Company Limited informed stock exchanges that NSE Sustainability Ratings and Analytics Limited assigned it an ESG rating of "74" via email on August 10, 2026. The company clarified it did not engage NSE Sustainability for this rating, which was independently prepared using public information.
The filing discloses the portfolio holdings and performance metrics for multiple HDFC Mutual Fund schemes, including Fixed Maturity Plans (FMPs) such as HDFC FMP 2638D February 2023 and HDFC Charity Fund for Cancer Cure, alongside various Exchange Traded Funds (ETFs) tracking indices like NIFTY 50, BSE SENSEX, and PSU Banks. Key data points include specific security allocations in Government of India STRIPS and State Development Loans (SDLs), with annualized portfolio yields ranging from 5.21% to 6.72% and residual maturities varying from 3 days to over 1,280 days depending on the scheme. The document also lists top equity constituents for ETFs such as HDFC NIFTY IT and HDFC NIFTY Private Bank, noting portfolio turnover ratios between 5.41% and 210.23%, with all riskometer benchmarks referenced as of July 31, 2026.
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Comprehensive Section Breakdown for HDFC Asset Management Company
Strategic Vision: Manages mutual funds, PMS, and AIFs for investors.
• Manages a significant volume of assets under management.
• Serves a large base of unique investors across numerous accounts.
• Operates through a broad distribution network.
Other income reached ₹262.84 crore, a sharp sequential rise of ₹251.29 crore from ₹11.55 crore in the previous quarter. This jump was a primary contributor to the large sequential increase in profit before tax.
Year-on-year, other income grew by 12.8%, moving from ₹233.01 crore in the June 2025 quarter to ₹262.84 crore. The growth rate is broadly in line with the 13.59% year-on-year increase in operating revenue. Historical data shows considerable volatility in this line item across recent quarters, ranging from ₹11.55 crore to ₹233.01 crore. While the current quarter’s level is high, the year-on-year movement is consistent with the trend in operating revenue, suggesting that the sharp sequential jump mainly reflects timing or specific events from the prior quarter rather than a new sustained trend.
Total expenses for the quarter were ₹273.54 crore, an increase of 26.94% from ₹215.48 crore in the same quarter last year. This growth rate was notably higher than the 13.59% rise in operating revenue over the same period. Sequentially, total expenses rose 19.2% from ₹229.48 crore.
Within expenses, employee benefit expenses were ₹143.61 crore. Other expenses increased 31.16% sequentially to ₹102.67 crore. Finance costs rose to ₹3.72 crore from ₹3.07 crore in the year-ago quarter, an increase of 21.2%. The faster escalation of expenses relative to operating revenue indicates that costs grew at a quicker pace than the company’s core top line during the quarter.
Category: Financial Services
Offers a diverse range of funds including Equity, Debt, Liquid, Hybrid, Multi-Asset, and Passive Index Funds.
Category: Financial Services
Provides tailored investment management solutions for clients.
Category: Financial Services
Offers investment vehicles for sophisticated investors and institutions.
Category: Financial Services
Operates through a subsidiary providing investment management and advisory services globally and to Indian investors.
Key Products & Services: HDFC AMC International (IFSC) Limited
Core Thesis: The company offers a comprehensive platform encompassing both Active and Passive Mutual Funds, alongside PMS and AIFs, catering to diverse investor needs.
• Diverse Product Offerings: Provides a wide array of mutual fund schemes, PMS, and AIFs across various asset classes. • Extensive Distribution Network: Leverages a nationwide network of offices and distribution partners to reach investors. • International Reach: Extends services globally through its international subsidiary in GIFT City.